GTL, GTL Infra rise on buzz of buyouts by global PEs: Reports
Shares of GTL and GTL Infrastructure are trading higher by more than 4% each on reports that global private equity giants plan to buyout the company’s assets, reports ET Now.
By ET Online | Updated:
NEW DELHI: Shares of GTL and GTL Infrastructure are trading higher by more than 4% each on reports that global private equity giants plan to buyout the company’s assets, reports ET Now.
“TPG Capital, Carlyle Group and Blackstone are exploring acquisition of telecom tower companies,” the report suggests.
GTL Infrastructure Ltd has rallied over 15% at Rs 12.70 and GTL by 6% at Rs 52.90 to their day’s high in morning deals on the National Stock Exchange ( NSE).
At 12:35 PM, shares of GTL Ltd were trading 4.6% higher at Rs 52 and those of GTL Infrastructure Ltd were up 7.9% to Rs 11.86. For the year both companies have dropped over 70%.
“TPG Capital, Carlyle Group and Blackstone are exploring acquisition of telecom tower companies,” the report suggests.
GTL Infrastructure Ltd has rallied over 15% at Rs 12.70 and GTL by 6% at Rs 52.90 to their day’s high in morning deals on the National Stock Exchange ( NSE).
At 12:35 PM, shares of GTL Ltd were trading 4.6% higher at Rs 52 and those of GTL Infrastructure Ltd were up 7.9% to Rs 11.86. For the year both companies have dropped over 70%.
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